Bloomberg As Xiaomi Corp. heads toward a potentially huge initial public offering, the Chinese startup has announced a new flagship smartphone aimed squarely at the high-end users that flock to Apple and Samsung devices. The $500 Mi MIX 2S was unveiled in Shanghai by co-founder Lei Jun. Success for the new phone, which goes on sale in China on April …

Bloomberg Alphabet Inc.’s Google is getting into self-driving cars in a new way. Gradient Ventures, an early-stage venture fund within Google, is leading a $6 million investment in a new company that’s building software to let humans control cars remotely. Scotty Labs, a nine-person startup, works on “teleoperations,” an emerging slice of the autonomous vehicle business that may grow more …

Bloomberg Saudi Arabia’s second-biggest bank is betting that government efforts to develop the entertainment industry, boost home-ownership and open up the role of women in the economy will fuel growth this year. The kingdom is undergoing an economic overhaul driven by crown prince Mohammed bin Salman that includes removing restrictions on cinemas, concerts and women driving and working. It also …